By: 19 February 2024

Akoni Hub has partnered with ekko and Bank of London and The Middle East to launch the Planet Saver account

Akoni Hub Planet Saver account to support green projects

Akoni Hub, a UK-based fintech part of the Stubben Edge Group, has launched a savings account which supports environmental and conservation projects.  

Through the accounts, businesses and individuals can invest at the current market rate while contributing 1% to a range of green projects, such as reforestation, animal conservation and reducing plastic pollution.  

The Planet Saver account is in partnership with ekko, an embedded sustainability provider and Bank of London and The Middle East (BLME).  

Initially launched with 3-month and 12-month fixed term deposits, at maturity, savers will receive their capital and share of profit while supporting causes in the ekko portfolio. This includes projects such as Tusk, Conservation International, Prevented Ocean Plastic and Gold Standard.  

Chris Kenning, group chief executive officer of Stubben Edge, said: “In a world where finance and conservation are often viewed as mutually exclusive, Planet Saver proves that financial services providers, conservation and environmental projects and consumers can come together to provide real-world solutions to the urgent problems faced by societies across the globe.” 

Oli Cook, chief executive officer and co-founder of ekko said: “Through this new product, we will be able to make a real difference to the projects we support, making a real impact across the world.” 

He added: “This is just another example of how ekko can embed sustainability into everyday products, and this partnership shows a real commitment from the industry to deliver climate positive impact.” 

Dan Bucknell, executive director at Tusk commented: “If conservation is to succeed in the long-term, we need to have innovation, new sources of income, and the ability to put benefits to the planet at the heart of our spending habits.  

“This account provides all three, and Tusk is very excited to be partnering with them and to have the opportunity to convert consumer spending and donations into significant benefit for the people and wildlife of Africa.” 

Image: Canva  

 

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.